Croce, Incorporated, is investigating an investment in equipment that would have a useful life of 7 years. The company u

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Croce Incorporated Is Investigating An Investment In Equipment That Would Have A Useful Life Of 7 Years The Company U 1 (27.84 KiB) Viewed 17 times

Croce, Incorporated, is investigating an investment in equipment that would have a useful life of 7 years. The company uses a discount rate of 15% in its capital budgeting. The net present value of the investment, excluding the salvage value, is -$578,643. (Ignore income taxes.) How large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive? (Round your final answer to the nearest whole dollar amount.) Multiple Choice $3,857,620 $86,796 $1,539,202 $578,643